The exchange that gave crypto the perpetual swap has officially closed its doors.

BitMEX ended all exchange operations at 04:00 UTC Wednesday, the company said on X, capping a two-month wind-down. Trading, deposits and new positions are gone, though users can still log in and withdraw.

“Your funds remain completely safe,” BitMEX wrote, urging customers to withdraw remaining balances as soon as possible. Deposits are no longer credited, and users shouldn’t send funds to BitMEX addresses.

Lingering will cost them. Users who completed KYC identity checks now face an account fee of 1% a year or $50 equivalent, whichever is greater,…